FNT... a significant option for Major Miners?, page-1007

Ouch, over 2000 shareholders burnt, most likely old long term holders, I've been through this a few times myself, feel for those holders. The good thing usually is once the register is cleared and some good news comes out BOOM, the share price can take off. I hope it didn't happen to any of the posters on hotcopper. No negativity shown so I'm guessing no real long term holders diluted to Oblivion here ?


SMALL SHAREHOLDING SALE FACILITY COMPLETED
Frontier Resources Ltd (ASX: FNT) (Frontier or the Company) is pleased to advise that the share sale facility
established for holders of unmarketable parcels of holdings valued at less than A$500 (Sale Facility)
announced on 10 April 2017 has been completed.
A total of 2,404,808 shares have been sold on behalf of over 2,000 shareholders at a price of 1.56¢ per
share pursuant to the Authorised Price in the Company’s Constitution. Entities associated with Directors
Mrs Paige and Peter McNeil subscribed for 1,122,757 shares under the Sale Facility. The Company
anticipates that cheques will be despatched to participants of the unmarketable share sale facility within
with seven days.